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03-Jan-2016

Telecom Egypt denies employee strike rumour

Telecom Egypt [ETEL.CA] sent a statement to the EGX denying rumours that the company’s employees went on strike, demanding bonuses. The company stated that operations are ongoing normally. (Company statement)   Telecom Egypt: EGP6.42 as of 31 December 2015, Rating: Buy, FV: EGP12.21 per share, MCap: USD1,400 million, ETEL EY / ETEL.CA

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